Banking & Finance
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151Reps Summon CBN, Bank Chiefs Over Unverified PoS Operators
The House of Representatives, yesterday, resolved to summon the Governor of the Central Bank of Nigeria (CBN), Yemi Cardoso, and Chief Executive...
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122FX Platform: CBN Sets $100,000 Minimum Trade for Banks
The Central Bank of Nigeria has issued fresh guidelines for interbank foreign exchange trading via the Electronic Foreign Exchange Matching System, mandating...
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85CBN Extends BDCs’ Recap Deadline by Six Months
The Central Bank of Nigeria (CBN) will be extending the recapitalisation deadline for Bureau De Change (BDC) operators from December 3, 2024 to June...
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82BVN Enrollment Hits 64m –NIBSS
The Nigeria Inter-Bank Settlement System (NIBSS) has said that the number of Banks Verification Number (BVN) enrollments is currently standing at 64.009 million....
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86Customers’ Deposits in Failed Heritage Bank Safe –NDIC
The Managing Director/Chief Executive Officer of Nigeria Deposit Insurance Corporation, Bello Hassan, has reassured customers of the failed Heritage Bank that their...
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60Recapitalisation: Banks Have Raised ₦1.7tr Via E-Offering –SEC
The Securities and Exchange Commission (SEC) has disclosed that banks have collectively raised about N1.682 trillion via e-offering in the ongoing recapitalisation exercise....
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114Credit Corporation to Offer 1m Consumers Loans for Local Purchases
The Nigerian Consumer Credit Corporation (CREDICORP) has unveiled another initiative, Securing Consumer Access for Local Enterprises (SCALE), aimed at empowering one million...
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115CBN Warns Public Against Fraudulent Contractors
The Central Bank of Nigeria, CBN, has warned members of the public against fraudsters going about with claims of contract awards from...
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104Nigeria’s Debt to IDA Hits $17b –Report
Nigeria has retained its position as the third-largest debtor to the World Bank’s International Development Association, with its exposure climbing to $17.1bn...
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91FEC Approves ₦47.9 Trillion Budget Proposal For 2025
The Federal Executive Council (FEC), yesterday approved a N47.9 trillion federal budget estimate for the 2025 fiscal year during its meeting at...
